Two diversified sector stocks one from information technology and another from metals and mining sector are discussed within. Let see what these two stocks starting with ‘C’ have in store for us during the falling market.
Cape Range Limited (ASX: CAG) – As at June 30, 2018, the company retained a strong cash balance of $4.8 million with no debt on hand following the acquisition of Biztrak and raising capital in the previous financial year. The revenue for the company increased from $383,880 in June 30, 2017 to $532,195 in June 30, 2018. However, the loss after tax for the year ended June 30 ,2018 attributable to the members of the company was at $35,096 as compared to the previous profit in the year 2017, of $116,706. The earnings per share (EPS) is at negative -0.001 AUD representing restrained profit. The stock declined by 0.377% as at October 23, 2018, to trade at a market price of $1.320. Since the inception of the stock it has witnessed a performance change of 546.34%. The stock may see an upside and can be in the watchlist as the MACD line and the signal line are about to converge.
Capital Mining Limited CMY (ASX: CMY) – The control of the Company returned to the directors with the execution of the Deed of Company Arrangement on 7 September 2018. With two project areas in New South Wales, a larger spread of lithium projects and one nickel sulphide project in Western Australia and a lithium project in the Republic of Ireland, Capital holds gold, base metal and lithium exploration projects. The issue of 25,456,573 shares announced on 13 March 2018. The cash and cash equivalents at end of quarter June 30, 2018 was at $372,000. The earnings per share (EPS) was a negative -0.256 AUD representing a restrained profit. The stock is currently under the suspended status, but it last traded at a market price of $0.005. In the last one year the stock has seen a performance change of -83.33% with the current market cap of $1.01 billion the stock is a small cap segment stock.
CMG daily price chart, Source: Thomson Reuters
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